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10 Reasons Why Delaware is the Leading Formation State

By Sandra Feldman

Delaware, with over 500,000 domestic corporations, LLCs and other entities ' including more than 50% of the country's publicly traded corporations and 58% of the Fortune 500 ' is without question the leading formation state in the country. According to the “Delaware's Business Entity Laws” seminar currently running as part of CT Corporation's 2004 seminar series, there are numerous reasons why business owners, managers and lawyers choose Delaware. Ten of those reasons are:

1. Delaware's corporation, LLC and other entity laws are modern. Delaware, for example, was one of the first states to amend its corporation law to allow directors to participate in meetings via teleconference and shareholders to participate in meetings by means of “remote communications.”

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